MobiKwik To Power Ecash Payments On IRCTC’s Ecatering App

Gurgaon-based mobile wallet company, MobiKwik has partnered with Indian Railway Catering and Tourism Corporation (IRCTC). As a part on the exclusive partnership, MobiKwik will power e-cash payments on IRCTC’s e-catering app, Food on Track.

The app allows passengers to book and get food from their preferred restaurants, delivered at their train coaches. In December 2015 MobiKwik became the payment option on IRCTC Connect Android App, which allows users to book train tickets instantly.

Speaking about the tie-up, Mrinal Sinha, COO, MobiKwik, said, “MobiKwik has been chosen as the preferred wallet by IRCTC, as apart from other modes of loading money in the wallet, we also have enabled cash loading through cash pick up in select cities and cash deposit at over 100,000 locations across 1,000 cities in India. This is especially helpful for those who do not have access to net-banking, credit and debit cards or aren’t comfortable using the same.”

Passengers can pre-order food at over 300 stations from prominent food chains such as Dominos, Punjab Grill, KFC, IRCTC Food Plaza and others.

Users can see all cash loading locations in the ‘nearby’ feature on the MobiKwik app. The cash pick-up service of MobiKwik is available in New Delhi, Bangalore, Mumbai, Jaipur and Surat. The service recently completed 1 million transactions. Users will also get 15% cashback on purchases through the MobiKwik wallet on the IRCTC e-catering app.

Earlier in May 2016, MobiKwik raised an undisclosed amount of funding led by Japan’s GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek.

Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik, is a wallet that enables users to pay in a flash for their mobile recharge and bill payments. It has partnered with over 50,000 businesses like Café Coffee Day, PVR, Domino’s Pizza, Pizza Hut, TastyKhana, JustEat, eBay, Jabong, Snapdeal, ShopClues, HomeShop18 among others.

It claims to connect 32 million users with 100,000 retailers. The company has raised three rounds of funding from Sequoia Capital, American Express,Tree Line Asia, MediaTek, GMO Payment Gateway and Cisco Investments.